Sr. Real Estate Development Analyst

Howard Hughes Corporation•The Woodlands, TX

50d•Onsite

About The Position

We are seeking a Sr. Real Estate Development Analyst to join our development team in our Houston corporate headquarters. The Senior Development Analyst will be a go-to resource for over $1 billion of commercial development over the next 3-5 years, primarily in HHC's Houston and Columbia regions . The initial responsibilities of the analyst will center around the financial modeling and analysis of diverse development projects including large-scale mixed-use projects. Additionally, the role may be involved in high level strategic planning across all regions. This Senior Real Estate Development Analyst will have ownership of all financial aspects of the real estate development process and high exposure to decision makers.

Requirements

Bachelor's Degree with an emphasis on real estate, finance, economics, accounting, or a related field. Graduate degree preferred but not required.
Minimum 3-5 years' experience as a financial analyst required in commercial real estate development, investments, or asset management.
Proven experience underwriting multiple property types with a preference for retail, mixed-use, and multi-family projects.
Expert-level Excel modeling skills, including creation and ongoing management of dynamic development pro formas, scenario analysis, and concise data visualization.
Demonstrated understanding of real estate investment metrics, partnership structures, development budgets, and construction process.
Investment grade written and verbal communication skills with experience preparing board and committee-level PowerPoint decks and memorandums.
Ability to work independently and as part of a team with exceptional organizational skills and a strong proficiency with managing multiple projects and meeting deadlines in a demanding, fast-paced work environment.
Interest in Artificial Intelligence and gaining efficiency in development analysis and processes through use AI tools.
Inquisitive and intellectually curious with the ability to exercise sound judgement when making decisions.
Good problem solving/creative thinking skills, pro-active, and resourceful with a "can-do" attitude.
Must have expert knowledge of Microsoft Office software products, including Excel, PowerPoint, Word, Teams, and Projects.

Responsibilities

Create and manage dynamic pro forma models for retail, office, multi-family, and complex mixed-use development projects.
Analyze the financial performance and value of potential acquisitions, developments, dispositions, and current properties and prepare investment and strategic planning recommendations.
Prepare investment-grade analysis and presentations for review by board and capital committee that clearly and concisely illustrate development underwriting, market data, and strategic business plans.
Manage monthly, quarterly, and annual budgeting, cashflow forecasting, and reporting processes including coordination with accounting, FP&A, and external consultants and contractors.
Support coordination with external vendors and contractors to grow network, solicit proposals, negotiate pricing, and process contracts.
Analyze potential lease deals with a focus on net present value analysis, review and comment on income statements and balance sheets, as well as lease terms and conditions.
Collaborate with internal and external leasing teams on deal flow and economics to provide analytical support.
Support strategic planning efforts including creating processes, managing pipeline documents and reporting, and managing annual budgeting.
Support the sourcing of construction financing, including preparation of detailed financial models, compiling lender diligence items, and organizing third party reports.
Research and present in-depth analysis on industry benchmarks, demographic profiles, economics and market trends, and competitor research to facilitate management decision-making.
Other responsibilities, ad-hoc projects, and interdisciplinary assignments as required.